Traders Stung by VW, Glencore See More Pain for European Stocks
- One Europe exchange-traded fund had record outflows last week
- Investors are hedging against more declines via options market
Glencore’s Wild Ride Extends Amid Unit Sale Talks
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Investors don’t need proof that 2015 is a rough year for stocks. In Europe, traders are preparing for it to get worse.
Causes of pessimism include doubts about China’s economy, confusion about Federal Reserve policy, weak corporate profits, and, just last week, a shocking miss in U.S. jobs data. The back-breaker for European investors? A German car company scandal of global proportions, combined with unprecedented turmoil in a certain mining firm.